Radius Recycling soars on $1.34 billion buyout deal by Toyota Tsusho

TOYOTA TSUSHO

14/03/2025 12:41

** Shares of recycled metal products maker Radius Recycling RDUS.O more than doubles to $28.55 premarket

** RDUS late on Thursday said it had entered into agreement with U.S. subsidiary of Japanese trading house Toyota Tsusho Corp 8015.T

** Toyota Tsusho America will acquire all shares of RDUS for $30 per share in cash, with enterprise value of about $1.34 billion

** Deal is expected to be closed by second half of 2025

** Stock fell 31.2% in past 12 months

 (Reporting by Padmanabhan Ananthan)

 ((Padmanabhan.Ananthan@thomsonreuters.com;))